NYC 9/11 Public Portal Document
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hereafter supplemented or amended (the "City Agreement") and (ii) all payments in lieu of Real
Estate Taxes or assessments which may be agreed upon between the Port Authority and any
governmental authorities (Federal, State or City, or any political subdivision thereof) other than
as provided in the City Agreement, but not any amounts in excess of those imposed under the
City Agreement.
2. The term "Pilot Square Foot Factor" shall mean the annual per rentable square
foot factor used in computing the Pilot under the City Agreement for the relevant Tax Year. If
payments under the City Agreement become payable on a basis other than an annual amount per
occupied rentable square foot (as defined in Section 5.1.7 of the Underlying Lease), then unless
such payments are separately assessed and levied or allocated to the Real Property, the Port
Authority will allocate such payments equitably on the basis of proration between the total
number of square feet in the World Trade Center subject to such payments and the total number
of square feet in the Building subject to such payments and Landlord will notify Tenant of such
allocation, in which event, the "Pilot Square Foot Factor" shall equal the payments so allocated
to the Building divided by the Building Area, i.e., 1,936,000 square feet.
3. The term "Base Pilot Square Foot Factor" shall mean the Pilot Square Foot
Factor applicable to the period July 1, 1997 through June 30, 1998 (as finally determined).
4. The term "Pilot Rate Multiple" shall mean the number of rentable square feet
allocated to the Demised Premises for purposes of Section 6.8 of the Underlying Lease, such
number of rentable square feet to be determined pursuant to Section 5.1.7 of the Underlying
Lease.
5. The term “Tax Year” shall mean the twelve (12) month period commencing
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NYC-WTC_000170257
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